GUEST COLUMN: To President-elect Obama:
BY TOM RICHARDS
Thursday, January 15, 2009 2:12 AM EST
Our nation needs you to lead in making the following major changes:
Speak out for and defend liberty!
Stop the flow of funds to financial institutions from the $700 billion TARP. Instead, allocate the remaining funds of about $300 billion to infrastructure projects. Immediately establish programs to train unemployed people to do the work.
Allow corporations and individuals who have screwed up to go bankrupt!
Increase the federal tax on gasoline, so as to hold the price at $6/gallon for five years, adjusted to the CPI. This will speed the downsizing of the fleet, begin to rein in global warming, give auto-makers something to design to, stem the flow of funds to those who hate us and bring $400 billion or more per year into our treasury, which should be spent 3/4 for Medicare and 1/4 to begin to pay down the public debt.
Reestablish the progressive income tax, at the high end, to 70 percent, 80 percent and 90 percent on incomes of $500,00, $1,000,000 and $2,000,000, respectively. This will take the wind out of the sails of the corporate management rip-off artists and bring another $50 billion into the treasury.
Establish a statutory limit on medical malpractice suits.
Hire 10,000 additional accountants and lawyers for our justice department to prosecute every case of misfeasance, malfeasance and fraud they can find in this present fiscal mess.
Tax the remaining net assets of non-profits annually at 10 percent. This will promote the spending of their funds for the philanthropic purposes that were intended, rather than for increasing the nest-egg and salaries.
Keep taxes on estates as they are and even consider raising them. The two-class system arising in our nation is a great danger to our American way of life.
Push Congress to pass the reasonable immigration bill that was proposed by McCain and Kennedy and seal the borders.
Push Congress for universal military training, with a heavy emphasis on civics. Use them for border control.
TOM RICHARDS lives in North Attleboro.
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